|
| Report |
| | |
| | | Registrant: Vanguard Ohio Tax-Free Funds — List all N-SARs |
| | | Semi-Annual Report (at mid-year) for the 1st-half period ended: 5/31/14 |
| | | Were there any Answer File errors in the Filing? None FoundNone Found by SEC InfoNot Checked by the FilerOne or more Found by SEC Info |
| | | Was the Answer File completed by the Registrant? Yes |
| | | Is this an Amendment to a previous Report? No |
| | | Is this a change to a previous Report? No |
|
| Registrant |
| | |
| 1. | | SEC CIK: 862341 |
| | | SEC File #: 811-06083 |
| | | Telephone #: 610-669-1000 |
|
| 2. | | Address: 100 Vanguard Boulevard |
| | | Malvern, PA 19355 |
|
| 3. | | Is this the first Form N-SAR filed by the Registrant? No |
|
| 4. | | Is this the final Form N-SAR filed by the Registrant? No |
|
| |
| | | |
| 7. | | Is the Registrant a Funds/Series (multiple portfolios) company? Yes |
| | | The number of separate Funds/Series (portfolios) at period end: 2 |
| | | The number of separate Funds/Series (portfolios) reported here: 2... |
| | |
|
↓ | Series 1: Vanguard Ohio Long-Term Tax-Exempt Fund — S#2908 ⇒ VOHIX |
↓ | Series 2: Vanguard Ohio Tax-Exempt Money Market Fund — S#2909 ⇒ VOHXX |
|
| Family of Investment Companies |
| | |
| 19. | | Is the Registrant/Series part of a “family” of investment companies? Yes |
| | | Total number of registered management investment companies, Series and portfolios (excluding any Unit Investment Trusts) in the family: 177 |
| | | The Identification Code of the family for Form N-SAR Filings: VANGUARDGR |
|
| Investment Company Type |
| | |
| 27. | | Is the Registrant an “open-end” investment company? Yes, Open-End |
|
| Additional Disclosures |
| | |
| 77. | | Did the Registrant file any additional Exhibits with the filing of this Report (listed here and filed either herewith — as one of the ‘EX-99.*’ ↑Exhibits in this Filing — or separately and incorporated by reference)? Yes |
| | | EX-99.77Q1: Other Disclosure? Yes |
| | | EX-99.77Q3: Other Info? Yes |
|
| Subsidiaries |
| | |
| 78. | | Does the Registrant have any wholly-owned investment company subsidiaries whose operating and financial data are consolidated with that of the Registrant in this Report? No |
|
All Series | ↑List of 2 Funds/Series Reported Here |
| | | Information Common to All Funds/Series |
|
All: | Investment Adviser |
| | |
| 8.1 | | Name: The Vanguard Group, Inc. |
| | | Role: Adviser |
| | | SEC File #: 801-11953 |
| | | Location: Malvern, PA |
|
All: | Administrator |
| | |
| 10.1 | | Name: The Vanguard Group, Inc. |
| | | SEC File #: 801-11953 |
| | | Location: Malvern, PA |
|
All: | Principal Underwriter |
| | |
| 11.1 | | Name: Vanguard Marketing Corp. |
| | | SEC File #: 008-21570 |
| | | Location: Malvern, PA |
|
All: | Shareholder Servicing/Transfer Agent |
| | |
| 12.1 | | Name: The Vanguard Group, Inc. |
| | | SEC File #: 084-00772 |
| | | Location: Malvern, PA |
|
All: | Independent Public Accountant |
| | |
| 13.1 | | Name: Pricewaterhousecoopers LLP |
| | | Location: Philadelphia, PA |
|
All: | Affiliated Broker/Dealer |
| | |
| 14.1 | | Name: Vanguard Marketing Corp. |
| | | SEC File #: 008-21570 |
|
All: | Custodian |
| | |
| 15.1 | | Name: State Street Bank & Trust Co. |
| | | Role: Custodian |
| | | Location: Boston, MA |
| | | Type of custody: Section 17(f)(1) — Bank |
|
| 18. | | Does the Registrant’s/Series’ Custodian(s) maintain some or all of the Registrant’s/Series’ securities in a central depository or book-entry system pursuant to Rule 17f-4? Yes |
|
All: | Brokerage Commissions Paid on Portfolio Transactions |
| | |
| 20. | | The brokers who received the largest amount of gross brokerage commissions during the period: |
| 20.1 | | Broker: Barclays Capital Inc. |
| | | IRS #: 13-3410233 |
| | | Commissions paid ($000s): 3 |
|
| 21. | | Total brokerage commissions paid by the Registrant during the period: Aggregate paid ($000s): 3 |
|
All: | Portfolio Transactions with Entities Acting as Principals |
| | |
| 22. | | The entities acting as principals with whom the Registrant did the largest amount of portfolio transactions, based on total value of principal, during the period: |
| 22.1 | | Entity: Wells Fargo Securities, LLC |
| | | IRS #: 94-3379992 |
| | | Registrant’s purchases ($000s): 64,300 |
| | | Registrant’s sales ($000s): 56,108 |
|
| 22.2 | | Entity: Morgan Stanley |
| | | IRS #: 13-2655998 |
| | | Registrant’s purchases ($000s): 75,226 |
| | | Registrant’s sales ($000s): 27,427 |
|
| 22.3 | | Entity: Barclays Capital Inc. |
| | | IRS #: 13-3410233 |
| | | Registrant’s purchases ($000s): 48,030 |
| | | Registrant’s sales ($000s): 38,799 |
|
| 22.4 | | Entity: Vanguard Intermediate-Term Tax Exempt Fund |
| | | IRS #: 23-2471389 |
| | | Registrant’s purchases ($000s): 17,400 |
| | | Registrant’s sales ($000s): 34,835 |
|
| 22.5 | | Entity: Vanguard Short-Term Tax-Exempt Fund |
| | | IRS #: 23-2022170 |
| | | Registrant’s purchases ($000s): 21,695 |
| | | Registrant’s sales ($000s): 20,120 |
|
| 22.6 | | Entity: Vanguard Ohio Tax-Exempt Money Market Fund |
| | | IRS #: 23-2601140 |
| | | Registrant’s purchases ($000s): 21,995 |
| | | Registrant’s sales ($000s): 19,160 |
|
| 22.7 | | Entity: Vanguard Ohio Long-Term Tax-Exempt Fund |
| | | IRS #: 23-2601142 |
| | | Registrant’s purchases ($000s): 19,160 |
| | | Registrant’s sales ($000s): 21,995 |
|
| 22.8 | | Entity: Merrill Lynch, Pierce, Fenner & Smith Inc. |
| | | IRS #: 13-5674085 |
| | | Registrant’s purchases ($000s): 28,440 |
| | | Registrant’s sales ($000s): 3,674 |
|
| 22.9 | | Entity: Citigroup Global Markets, Inc. |
| | | IRS #: 13-2919773 |
| | | Registrant’s purchases ($000s): 17,191 |
| | | Registrant’s sales ($000s): 14,736 |
|
| 22.10 | | Entity: PNC Capital Markets, Inc. |
| | | IRS #: 25-1471636 |
| | | Registrant’s purchases ($000s): 25,690 |
| | | Registrant’s sales ($000s): 3,982 |
|
| 23. | | Total purchase/sale transactions by the Registrant during the period: Aggregate purchases ($000s): 505,391 |
| | | Aggregate sales ($000s): 374,879 |
|
All: | Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers |
| | |
| 24. | | At period end, did the Registrant/Series hold any securities of the Registrant’s/Series’ regular brokers or dealers, or of the parents of such brokers or dealers, that derive more than 15% of gross revenue from securities-related activities? No |
|
All: | Considerations which Affected the Participation of Brokers or Dealers |
| | |
| 26. | | Considerations which affected the participation of brokers or dealers or other entities in commissions or other compensation paid on portfolio transactions of the Registrant:
Consideration? |
| | | Sales of the Registrant’s/Series’ shares ............................... No |
| | | Receipt of investment research and statistical info .................... Yes |
| | | Receipt of quotations for portfolio valuations ......................... No |
| | | Ability to execute portfolio transactions to obtain the best price and execution ........................................................ Yes |
| | | Receipt of telephone line and wire services ............................ No |
| | | Broker or Dealer which is an affiliated person ......................... No |
| | | An arrangement to return or credit part or all of commissions or profits thereon... To an Investment Adviser or Principal Underwriter, or to an affiliated person of either ...................................... No |
| | | To the Registrant .................................................. No |
| | | Other .................................................................. No |
|
All: | Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance) |
| | |
| 29. | | Was a front-end sales load deducted from any share sales during the period? No |
|
| 34. | | Did the Registrant/Series impose a deferred or contingent deferred sales load during the period? No |
|
| 37. | | Did the Registrant/Series impose a redemption fee other than a deferred or contingent sales load during the period? No |
|
| 39. | | Were any account maintenance fees or other administrative fees imposed directly on shareholders during the period? Yes |
|
All: | Payment Plan for the Distribution of Fund Shares |
| | |
| 40. | | During the period, did the Registrant/Series have a plan of distribution adopted pursuant to Rule 12b-1? No |
|
All: | Advisory Fee |
| | |
| 45. | | Did the Registrant/Series have an advisory contract during the period? No |
|
All: | Classification and Asset Allocation |
| | |
| 66. | | Is the Registrant/Series a Fund that usually invests in equity securities, options & futures on equity securities, indices of equity securities or securities convertible into equity securities? No |
|
| 67. | | Is the Registrant/Series a “balanced” Fund? No |
|
| 68. | | Does the Registrant/Series have more than 50% of its net assets at period end invested in the securities of issuers... Engaged primarily in production or distribution of precious metals? No |
| | | Located primarily in countries other than the United States? No |
|
| 69. | | Is the Registrant/Series an index Fund? No |
|
Series 1 | ↑Information Common to All Funds/Series ↑List of 2 Funds/Series |
|
| 7. | | Name: Vanguard Ohio Long-Term Tax-Exempt Fund — S#2908 ⇒ VOHIX |
| | | Is this the final Form N-SAR filed for this Fund/Series? No |
|
S 1: | Sales and Repurchases |
| | |
| 28. | | Monthly total Net Asset Value (NAV) of sales and repurchases of the Registrant’s/Series’ shares: |
| | | 1st Month of period: ($000s) Total NAV of shares sold: New sales (including exchanges) ............................ | 6,535 |
|
| | | Reinvestment of dividends and distributions ................ | 4,816 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 33,870 |
|
| | | 2nd Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 9,490 |
|
| | | Reinvestment of dividends and distributions ................ | 1,987 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 18,155 |
|
| | | 3rd Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 10,634 |
|
| | | Reinvestment of dividends and distributions ................ | 1,782 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 6,556 |
|
| | | 4th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 7,831 |
|
| | | Reinvestment of dividends and distributions ................ | 1,952 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 8,659 |
|
| | | 5th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 10,695 |
|
| | | Reinvestment of dividends and distributions ................ | 1,898 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 8,854 |
|
| | | 6th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 9,634 |
|
| | | Reinvestment of dividends and distributions ................ | 1,939 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 6,025 |
|
| | | Total of all months: ($000s) Total NAV of shares sold: New sales (including exchanges) ............................ | 54,819 |
|
| | | Reinvestment of dividends and distributions ................ | 14,374 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 82,119 |
|
| | | Total NAV of the Registrant’s/Series’ share sales during the period subject to a sales load ($000s): 0 |
|
S 1: | Miscellaneous Info |
| | |
| 55. | | Did the Registrant/Series have any of the following outstanding at any time during the period which exceeded 1% of aggregate net assets: |
| | | Overdrafts? No |
| | | Bank loans? No |
|
| 56. | | During the period, did the Registrant’s/Series’ Investment Adviser(s) have advisory clients other than investment companies? Yes |
|
| 57. | | Did the Registrant/Series adjust the number of its shares outstanding by means of a stock split or stock dividend? No |
|
S 1: | Classification and Asset Allocation |
| | |
| 58. | | Is the Registrant/Series a Separate Account of an insurance company? No |
|
| 59. | | Is the Registrant/Series a management investment company? Yes |
|
| 60. | | Was the Registrant/Series a diversified investment company at any time during the period? Yes |
| | | Was the Registrant/Series a diversified investment company at the end of the period? Yes |
|
| 61. | | The lowest minimum initial investment required by the Registrant/Series from an investor that is not an employee or otherwise affiliated with the Registrant/Series, its Investment Adviser, Principal Underwriter or other affiliated entity: $3,000 |
|
| 62. | | Does the Registrant/Series invest primarily in debt securities, including convertible debt securities, options & futures on debt securities or indices of debt securities? Yes |
| | | The percentage of net assets in each type at period end:
Debt — Short-Term Maturities U.S. Treasury ............................... 0.0% |
| | | U.S. Government Agency ...................... 0.0 |
| | | Repurchase agreements ....................... 0.0 |
| | | State and Municipal – tax-free .............. 10.6 |
| | | Bank certificates of deposit – domestic ..... 0.0 |
| | | Bank certificates of deposit – foreign ...... 0.0 |
| | | Bankers acceptances ......................... 0.0 |
| | | Commercial paper – taxable .................. 0.0 |
| | | Time deposits ............................... 0.0 |
| | | Options ..................................... 0.0 |
| | | All other ................................... 0.0 |
| | | Debt — Intermediate & Long-Term Maturities U.S. Treasury ............................... 0.0% |
| | | U.S. Government Agency ...................... 0.0 |
| | | State and Municipal – tax-free .............. 90.0 |
| | | Corporate ................................... 0.0 |
| | | All other ................................... 0.0 |
| | | Non-Debt Investments other than debt securities ...... 0.0% |
|
| 63. | | The dollar-weighted average portfolio maturity at period end in days or, if longer than one year, in years (to one decimal place): Days: 0 |
| | | Years: 6.2 |
|
| 64. | | Is the timely payment of principal and interest on any of the instruments listed in Item 62 insured or guaranteed by an entity other than the issuer? Yes |
| | | Is the issuer of any instrument covered in Item 62 delinquent or in default as to payment of principal or interest at period end? No |
|
S 1: | Investment Practices |
| | |
| 70. | | Activities that are permitted by the Registrant’s/Series’ investment policies, and which were engaged in during the period:
Activity Permitted Engaged In |
| | | Writing or investing in repurchase agreements? Yes No |
| | | Writing or investing in options on equities? No – |
| | | Writing or investing in options on debt securities? Yes No |
| | | Writing or investing in options on stock indices? No – |
| | | Writing or investing in interest rate futures? Yes to both |
| | | Writing or investing in stock index futures? No – |
| | | Writing or investing in options on futures? Yes No |
| | | Writing or investing in options on stock index futures? No – |
| | | Writing or investing in other commodity futures? No – |
| | | Investments in restricted securities? Yes to both |
| | | Investments in shares of other investment companies? Yes No |
| | | Investments in securities of foreign issuers? No – |
| | | Currency exchange transactions? No – |
| | | Loaning portfolio securities? No – |
| | | Borrowing of money? Yes No |
| | | Purchases/sales by certain exempted affiliated persons? Yes to both |
| | | Margin purchases? Yes No |
| | | Short selling? Yes No |
|
S 1: | Portfolio Turnover |
| | |
| 71. | | Portfolio turnover rate for the period: |
| | | Purchases ($000s): 78,495 |
| | | Sales ($000s): 110,634 |
| | | Monthly average Value of portfolio ($000s): 852,063 |
| | | Percent turnover (lesser of Purchases or Sales, divided by Value): 9% |
|
S 1: | Financial Info — Income and Expenses |
| | |
| 72. | | The number of months covered by the values in Items 72 and 73: 6 |
| | | Income ($000s) Net interest income .............................................. | 17,591 |
|
| | | Net dividend income .............................................. | – |
|
| | | Account maintenance fees ......................................... | – |
|
| | | Net other income ................................................. | – |
|
| | | Expenses ($000s) Advisory fees .................................................... | 41 |
|
| | | Administrator fees ............................................... | 436 |
|
| | | Salaries and other compensation .................................. | – |
|
| | | Shareholder Servicing Agent fees ................................. | 133 |
|
| | | Custodian fees ................................................... | 8 |
|
| | | Postage .......................................................... | – |
|
| | | Printing expenses ................................................ | 3 |
|
| | | Directors’ fees .................................................. | – |
|
| | | Registration fees ................................................ | – |
|
| | | Taxes ............................................................ | – |
|
| | | Interest ......................................................... | – |
|
| | | Bookkeeping fees paid to anyone performing this service .......... | – |
|
| | | Auditing fees .................................................... | – |
|
| | | Legal fees ....................................................... | – |
|
| | | Marketing/distribution payments, incl. Rule 12b-1 plan payments .. | 95 |
|
| | | Amortization of organization expenses ............................ | – |
|
| | | Shareholder meeting expenses ..................................... | – |
|
| | | Other expenses ................................................... | – |
|
| | | Total expenses ................................................... | 716 |
|
| | | Expense reimbursements ($000s): 0 |
| | | Net investment income ($000s): 16,875 |
| | | Realized capital gains ($000s): 3,652 |
| | | Realized capital losses ($000s): 0 |
| | | Net unrealized appreciation during the period ($000s): 40,899 |
| | | Net unrealized depreciation during the period ($000s): 0 |
| | | Total income dividends for which the record date passed during the period ($000s): 16,875 |
| | | Total capital gains distributions for which the record date passed during the period ($000s): 3,623 |
|
| 73. | | Distributions per share for which the record date passed during the period, shown in fractions of a cent, if so declared:
Dividends from net investment income: $0.2280 |
| | | Distribution of capital gains: $0.0490 |
| | | Other distributions: $0.0000 |
|
S 1: | Financial Info — Condensed Balance Sheet Data |
| | |
| 74. | | Assets ($000s) |
| | | Cash ............................................................. | 3 |
|
| | | Repurchase agreements ............................................ | – |
|
| | | Short-term debt securities, other than repurchase agreements ..... | 99,050 |
|
| | | Long-term debt securities, including convertible debt ............ | 836,735 |
|
| | | Preferred, conv. preferred and adjustable-rate preferred stock ... | – |
|
| | | Common stock ..................................................... | – |
|
| | | Options on equities .............................................. | – |
|
| | | Options on all futures ........................................... | – |
|
| | | Other investments ................................................ | 96 |
|
| | | Receivables from portfolio instruments sold ...................... | 4,134 |
|
| | | Receivables from affiliated persons .............................. | – |
|
| | | Other receivables ................................................ | 14,928 |
|
| | | All other assets ................................................. | – |
|
| | | Total assets ..................................................... | 954,946 |
|
| | | Liabilities ($000s) Payables for portfolio instruments purchased ..................... | 20,768 |
|
| | | Amounts owed to affiliated persons ............................... | 2,883 |
|
| | | Senior long-term debt ............................................ | – |
|
| | | Other liabilities: Reverse repurchase agreements .................................. | – |
|
| | | Short sales .................................................... | – |
|
| | | Written options ................................................ | – |
|
| | | All other liabilities .......................................... | 1,340 |
|
| | | Equity ($000s) Senior equity .................................................... | – |
|
| | | Net assets of common shareholders ................................ | 929,955 |
|
| | | Number of shares outstanding (000s): 74,487 |
| | | Net Asset Value (NAV) per share (to nearest cent): $12.48 |
| | | Total number of shareholder accounts: 6,726 |
| | | Total value of assets in segregated accounts ($000s): 312 |
|
| 75. | | Monthly average net assets during the period ($000s): 900,203 |
|
Series 2 | ↑Information Common to All Funds/Series ↑List of 2 Funds/Series |
|
| 7. | | Name: Vanguard Ohio Tax-Exempt Money Market Fund — S#2909 ⇒ VOHXX |
| | | Is this the final Form N-SAR filed for this Fund/Series? No |
|
S 2: | Sales and Repurchases |
| | |
| 28. | | Monthly total Net Asset Value (NAV) of sales and repurchases of the Registrant’s/Series’ shares: |
| | | 1st Month of period: ($000s) Total NAV of shares sold: New sales (including exchanges) ............................ | 43,748 |
|
| | | Reinvestment of dividends and distributions ................ | 5 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 33,073 |
|
| | | 2nd Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 35,531 |
|
| | | Reinvestment of dividends and distributions ................ | 5 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 43,477 |
|
| | | 3rd Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 24,259 |
|
| | | Reinvestment of dividends and distributions ................ | 4 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 23,923 |
|
| | | 4th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 19,483 |
|
| | | Reinvestment of dividends and distributions ................ | 5 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 29,450 |
|
| | | 5th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 21,646 |
|
| | | Reinvestment of dividends and distributions ................ | 4 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 36,394 |
|
| | | 6th Month: Total NAV of shares sold: New sales (including exchanges) ............................ | 18,821 |
|
| | | Reinvestment of dividends and distributions ................ | 5 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 22,713 |
|
| | | Total of all months: ($000s) Total NAV of shares sold: New sales (including exchanges) ............................ | 163,488 |
|
| | | Reinvestment of dividends and distributions ................ | 28 |
|
| | | Other ...................................................... | – |
|
| | | Total NAV of shares redeemed & repurchased (inc. exchanges) .. | 189,030 |
|
| | | Total NAV of the Registrant’s/Series’ share sales during the period subject to a sales load ($000s): 0 |
|
S 2: | Miscellaneous Info |
| | |
| 55. | | Did the Registrant/Series have any of the following outstanding at any time during the period which exceeded 1% of aggregate net assets: |
| | | Overdrafts? No |
| | | Bank loans? No |
|
| 56. | | During the period, did the Registrant’s/Series’ Investment Adviser(s) have advisory clients other than investment companies? Yes |
|
| 57. | | Did the Registrant/Series adjust the number of its shares outstanding by means of a stock split or stock dividend? No |
|
S 2: | Classification and Asset Allocation |
| | |
| 58. | | Is the Registrant/Series a Separate Account of an insurance company? No |
|
| 59. | | Is the Registrant/Series a management investment company? Yes |
|
| 60. | | Was the Registrant/Series a diversified investment company at any time during the period? Yes |
| | | Was the Registrant/Series a diversified investment company at the end of the period? Yes |
|
| 61. | | The lowest minimum initial investment required by the Registrant/Series from an investor that is not an employee or otherwise affiliated with the Registrant/Series, its Investment Adviser, Principal Underwriter or other affiliated entity: $3,000 |
|
| 62. | | Does the Registrant/Series invest primarily in debt securities, including convertible debt securities, options & futures on debt securities or indices of debt securities? Yes |
| | | The percentage of net assets in each type at period end:
Debt — Short-Term Maturities U.S. Treasury ............................... 0.0% |
| | | U.S. Government Agency ...................... 0.0 |
| | | Repurchase agreements ....................... 0.0 |
| | | State and Municipal – tax-free .............. 102.3 |
| | | Bank certificates of deposit – domestic ..... 0.0 |
| | | Bank certificates of deposit – foreign ...... 0.0 |
| | | Bankers acceptances ......................... 0.0 |
| | | Commercial paper – taxable .................. 0.0 |
| | | Time deposits ............................... 0.0 |
| | | Options ..................................... 0.0 |
| | | All other ................................... 0.0 |
| | | Debt — Intermediate & Long-Term Maturities U.S. Treasury ............................... 0.0% |
| | | U.S. Government Agency ...................... 0.0 |
| | | State and Municipal – tax-free .............. 1.3 |
| | | Corporate ................................... 0.0 |
| | | All other ................................... 0.0 |
| | | Non-Debt Investments other than debt securities ...... 0.0% |
|
| 63. | | The dollar-weighted average portfolio maturity at period end in days or, if longer than one year, in years (to one decimal place): Days: 29 |
| | | Years: 0.0 |
|
| 64. | | Is the timely payment of principal and interest on any of the instruments listed in Item 62 insured or guaranteed by an entity other than the issuer? Yes |
| | | Is the issuer of any instrument covered in Item 62 delinquent or in default as to payment of principal or interest at period end? No |
|
S 2: | Investment Practices |
| | |
| 70. | | Activities that are permitted by the Registrant’s/Series’ investment policies, and which were engaged in during the period:
Activity Permitted Engaged In |
| | | Writing or investing in repurchase agreements? Yes No |
| | | Writing or investing in options on equities? No – |
| | | Writing or investing in options on debt securities? No – |
| | | Writing or investing in options on stock indices? No – |
| | | Writing or investing in interest rate futures? No – |
| | | Writing or investing in stock index futures? No – |
| | | Writing or investing in options on futures? No – |
| | | Writing or investing in options on stock index futures? No – |
| | | Writing or investing in other commodity futures? No – |
| | | Investments in restricted securities? Yes to both |
| | | Investments in shares of other investment companies? Yes No |
| | | Investments in securities of foreign issuers? No – |
| | | Currency exchange transactions? No – |
| | | Loaning portfolio securities? No – |
| | | Borrowing of money? Yes No |
| | | Purchases/sales by certain exempted affiliated persons? Yes to both |
| | | Margin purchases? No – |
| | | Short selling? No – |
|
S 2: | Portfolio Turnover |
| | |
| 71. | | Portfolio turnover rate for the period: |
| | | Purchases ($000s): 0 |
| | | Sales ($000s): 0 |
| | | Monthly average Value of portfolio ($000s): 0 |
| | | Percent turnover (lesser of Purchases or Sales, divided by Value): 0% |
|
S 2: | Financial Info — Income and Expenses |
| | |
| 72. | | The number of months covered by the values in Items 72 and 73: 6 |
| | | Income ($000s) Net interest income .............................................. | 307 |
|
| | | Net dividend income .............................................. | – |
|
| | | Account maintenance fees ......................................... | – |
|
| | | Net other income ................................................. | – |
|
| | | Expenses ($000s) Advisory fees .................................................... | 56 |
|
| | | Administrator fees ............................................... | 126 |
|
| | | Salaries and other compensation .................................. | – |
|
| | | Shareholder Servicing Agent fees ................................. | 202 |
|
| | | Custodian fees ................................................... | 7 |
|
| | | Postage .......................................................... | – |
|
| | | Printing expenses ................................................ | 4 |
|
| | | Directors’ fees .................................................. | – |
|
| | | Registration fees ................................................ | – |
|
| | | Taxes ............................................................ | – |
|
| | | Interest ......................................................... | – |
|
| | | Bookkeeping fees paid to anyone performing this service .......... | – |
|
| | | Auditing fees .................................................... | – |
|
| | | Legal fees ....................................................... | – |
|
| | | Marketing/distribution payments, incl. Rule 12b-1 plan payments .. | 81 |
|
| | | Amortization of organization expenses ............................ | – |
|
| | | Shareholder meeting expenses ..................................... | – |
|
| | | Other expenses ................................................... | – |
|
| | | Total expenses ................................................... | 476 |
|
| | | Expense reimbursements ($000s): 199 |
| | | Net investment income ($000s): 30 |
| | | Realized capital gains ($000s): 0 |
| | | Realized capital losses ($000s): 0 |
| | | Net unrealized appreciation during the period ($000s): 0 |
| | | Net unrealized depreciation during the period ($000s): 0 |
| | | Total income dividends for which the record date passed during the period ($000s): 30 |
| | | Total capital gains distributions for which the record date passed during the period ($000s): 0 |
|
| 73. | | Distributions per share for which the record date passed during the period, shown in fractions of a cent, if so declared:
Dividends from net investment income: $0.0000 |
| | | Distribution of capital gains: $0.0000 |
| | | Other distributions: $0.0000 |
|
S 2: | Financial Info — Condensed Balance Sheet Data |
| | |
| 74. | | Assets ($000s) |
| | | Cash ............................................................. | 28 |
|
| | | Repurchase agreements ............................................ | – |
|
| | | Short-term debt securities, other than repurchase agreements ..... | 589,925 |
|
| | | Long-term debt securities, including convertible debt ............ | 7,360 |
|
| | | Preferred, conv. preferred and adjustable-rate preferred stock ... | – |
|
| | | Common stock ..................................................... | – |
|
| | | Options on equities .............................................. | – |
|
| | | Options on all futures ........................................... | – |
|
| | | Other investments ................................................ | 61 |
|
| | | Receivables from portfolio instruments sold ...................... | 4,320 |
|
| | | Receivables from affiliated persons .............................. | – |
|
| | | Other receivables ................................................ | 2,584 |
|
| | | All other assets ................................................. | – |
|
| | | Total assets ..................................................... | 604,278 |
|
| | | Liabilities ($000s) Payables for portfolio instruments purchased ..................... | 25,676 |
|
| | | Amounts owed to affiliated persons ............................... | 1,489 |
|
| | | Senior long-term debt ............................................ | – |
|
| | | Other liabilities: Reverse repurchase agreements .................................. | – |
|
| | | Short sales .................................................... | – |
|
| | | Written options ................................................ | – |
|
| | | All other liabilities .......................................... | 514 |
|
| | | Equity ($000s) Senior equity .................................................... | – |
|
| | | Net assets of common shareholders ................................ | 576,599 |
|
| | | Number of shares outstanding (000s): 576,444 |
| | | Net Asset Value (NAV) per share (to nearest cent): $1.00 |
| | | Mark-to-market NAV per share: $1.0003 |
| | | Total number of shareholder accounts: 4,904 |
| | | Total value of assets in segregated accounts ($000s): 0 |
|
| 75. | | Daily average net assets during the period ($000s): 597,523 |
|
Signature | | ↑Top of Form N-SAR |
| | | |
| | | /s/ William J. Gessig |
| | | Name: William J. Gessig |
| | | Title: Manager |